Turnkey vs MLS purchase for out of state rental

[Simon Stahl]

I am wondering what the advantages are for using a turnkey company to buy out of state rental properties. I realize they take some of the work off my hands, but for quite a price. 

These are the pros and cons that I come up with

Turnkey pros:

• Easy process
• Completely fixed up properties
• Property management in place
• Probably some level of accountability in case something turns out to be wrong with the property

Turnkey cons:

• Price
• Research into turkey company itself is required

MLS pros:

• Price
• More properties to choose from

MLS cons:

• I might have to do some repairs myself
• I have to setup the property management myself

Buying directly from the MLS would probably save me about 10% or 20% of the purchase price. I would still have to do my own due diligence in either case.

What do others think about this? Would you rather buy from a turnkey company or from the MLS? Why?